Kim's owners offer building as site for Medford co-op

The owners of Medford's iconic Kim's Restaurant, shuttered more than three years ago after 55 years of business, have offered the vacant space to the Medford Market Co-op for $100 a month and upgrades to the vacant building.

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Posted Jan. 8, 2009 at 8:30 AM

Posted Jan. 8, 2009 at 8:30 AM

8:35 a.m.

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The owners of Medford's iconic Kim's Restaurant, shuttered more than three years ago after 55 years of business, have offered the vacant space to the Medford Market Co-op for $100 a month and upgrades to the vacant building.

The offer by Kim's co-owner Betty Fong and her partners is the latest development in the food cooperative's long search for a location since a plan fell through in 2007 to lease the historic Hubbard's Hardware building in downtown Medford because of insufficient funding.

How realistic the prospect will be for the co-op rests largely on how much it would cost to upgrade the space to meet current building codes and modify it for use as a grocery store, said Co-op Board President John Statler.

The co-op board has not yet met to discuss the offer but is expected to do so in the next two weeks. A time and date for the meeting has not yet been set.

The building has been on the market for nearly four years since the restaurant closed.